Saudi Arabia extends term of US$ 5 billion deposit for CBE ...Egypt

Saudi Arabia extended the term of a US$ 5 billion deposit with the Central Bank of Egypt, the Saudi Press Agency (SPA) reported on Tuesday. It added that the move came in extension to the deep-rooted historical ties and close cooperation aspects between the Kingdom of Saudi Arabia and Egypt.   These are instructions by King Salman bin Abdulaziz Al Saud and Crown Prince and Prime Minister Mohammed bin Salman bin Abdulaziz Al Saud.     It added that Saudi Arabia continues to provide generous support to enhance economic stability of Egypt through the extention of the term of a Saudi deposit of USD5 billion at the Central Bank of Egypt.   It noted that Egypt enjoys high growth potential in light

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